Corporate Law News

Government announces inclusion of Retail and Wholesale trades as MSMEs

02 July 2021 at 17:35

Shri Nitin Gadkari said - Retail and wholesale trade were left out of the ambit of MSME, now under the revised guidelines, retail and wholesale trade will also get benefit of priority sector lending under RBI guidelines.

Posted in Corporate Law | 1 comments | 9369 Views

ICMAI provides Relaxations in the Cost and Works Accountants Regulations, 1959

02 July 2021 at 17:26

Relaxations in the Cost and Works Accountants Regulations, 1959 on matters relating to Regional Councils of the Institute for the year 2021 on account of acute pandemic situation arising out of outbreak of COVID-19.

Posted in Corporate Law | 1518 Views

Companies (Creation and Maintenance of databank of Independent Directors) Amendment Rules, 2021

01 July 2021 at 22:09

MCA on June 21, 2021, has issued the Companies (Creation and Maintenance of databank of Independent Directors) Amendment Rules, 2021. Under the new Rules, Rule 3(7)(a) and Rule 3(8) stand amended.

Posted in Corporate Law | 1584 Views

Companies (Meetings of Board and its Powers) Amendment Rules, 2021

01 July 2021 at 21:58

Under the new Rules, Rule 4 has been omitted. Accordingly, this deletes the provision related to the restriction of conducting Board Meeting through Video Conferencing/Other Audio-Visual Means for selected agenda items.

Posted in Corporate Law | 1869 Views

Relaxation on levy of additional fees in filing of certain Forms under the Companies Act, 2013 and LLP Act 2008 by MCA

30 June 2021 at 15:23

MCA has further extended the timelines for filing of certain forms specified in Circular no. 06/2021 (other than CHG-1, CHG-4 and CHG-9) under the Companies Act, 2013 and LLP Act, 2008 without levy of additional fees, up to 31st August 2021.

Posted in Corporate Law | 2397 Views

Relaxation of time for filing forms related to creation or modification of charges under the Companies Act, 2013 by MCA

30 June 2021 at 15:16

MCA has further granted relief in respect of filing of forms related to creation/modification of charges under the Companies Act, 2013 by extending the timelines as specified in earlier circular no 07/2021 dated 03.05.2021.

Posted in Corporate Law | 1869 Views

Shri Nitin Gadkari calls for creation of Ratings system for MSMEs and Dashboard for effective monitoring of schemes

29 June 2021 at 21:04

Shri Gadkari said it is time to make our system transparent, time bound, result oriented and performance oriented and help appropriate entrepreneurs with a good track record.

Posted in Corporate Law | 1431 Views

Draft of E-Commerce Rules by MCA are a much-awaited step of the Government, says CAAT

28 June 2021 at 13:19

CAIT has written a representation letter to FICCI, Assocham, CII, PHD Chamber, NASSCOM, FISME, RAI & ICEA etc. urging them to ensure that they support the new draft of E-Commerce Rules, in the best interest of India’s retail trade & the economy.

Posted in Corporate Law | 2628 Views

Dearness Allowance and Dearness Relief for Central Government Employees to not Resume from 1st July 2021

27 June 2021 at 06:40

A document is doing rounds on social media claiming resumption of DA to Central Government employees & Dearness Relief to Central Government pensioners from July 2021. This OM is Fake. No such OM has been issued by GOI.

Posted in Corporate Law | 6396 Views

Representation to MCA requesting extension of timelines due to COVID-19 by ICSI

26 June 2021 at 06:28

ICSI has written a representation letter to the Ministry of Corporate Affairs to extend the timeline for filing Form CFSS-2020 till 31st July 2021 and for filing Form DPT-3 for the year ended 31st March 2021 till 31st July 2021.

Posted in Corporate Law | 8514 Views